The Art of Mediation – what you need to know
The Oxford Dictionary defines “mediation” as an intervention in a dispute in order to resolve it.
It is a simple enough explanation that does little to describe the process or the skill involved especially when it comes to mediation in financial affairs and property debt.
In 2011 GDP Partnership was established to offer a mediation service for those people who found themselves in serious trouble with banks and financial institutions over property debt.
The global financial crisis that began in 2007 continues to wreak havoc amongst homeowners and businesses across the country.
Finding yourself in negative equity is undoubtedly a most uncomfortable experience – the impact on the individual, family or business is far reaching and goes way beyond initial financial difficulties. We know the full impact of property debt because we see hundreds of cases every month.
At the height of the financial turmoil there were essentially two alternatives to debt resolution – bankruptcy or IVA (IVA is an Individual Voluntary Arrangement, where the individual agrees to pay part or all of the debt via an insolvency practitioner over a period of 60 months.)
Good news if you are an Insolvency practitioner, not so good if you are the individual burdened with debt, under emotional stress and watching personal and professional relationships buckle under the strain.
GDP Equity Experts was set up to offer debtors an alternative to formal insolvency options and specialises in the art of mediation with financial institutions on your behalf, ensuring you get the very best deal possible.
“In the middle of difficulty, lies opportunity.” Einstein.
Over the last 12 months alone, GDP Equity Experts has negotiated debt write-downs of over £18 million for customers across Northern Ireland, Republic of Ireland and throughout Great Britain.
We employ only highly skilled staff to work on your behalf – from finance, property and legal backgrounds – equipped with the professional skills to help deliver a positive outcome for those people who find themselves burdened with debt.
It is important that you recognise mediation as an alternative to the formal insolvency arrangements, understanding that GDP Equity Experts are best placed to negotiate a settlement on your behalf with all financial institutions.
For more information on the mediation process and how we can change your life, call 028 9244 4555 in confidence.